The artificial archipelago Palm Jumeirah, aptly named for its open palm tree shape, is one of Dubai’s most famous landmarks. It is divided into The Crescent, The Trunk and 16 ‘Fronds’ that together constitute a complete palm tree on the water. The renowned Atlantis The Palm hotel sits on the crescent while all the area’s residential townhouses, apartments and beachfront villas are in the trunk. Apartments for sale in Palm Jumeirah are consistently in-demand among expats and locals alike. They are also of interest to tourists and thus represent excellent buy-to-let properties.
Accessibility and Commute Times to/from Palm Jumeirah - Despite being its own (man-made) island, the Monorail and the subsea tunnel link all three areas of The Palm to the rest of the emirate with ease. The Palm is just ten minutes to Dubai Marina and JBR and a short drive (30 minutes) to the airport.
Apartments in Palm Jumeirah- Apartments on The Trunk offer luxury oceanfront studio and 2-bed, 3-bed, 4-bed, 5-bed apartments, as well as a good choice of cafes, restaurants and recreational facilities. Some of the more popular residences on the Trunk are Tiara Residence, Oceana, Shoreline Apartments and Marina Residence. Apartments for sale on the right side of the trunk have access to the beach, however, apartments on the left do not.
Potential for Return on Investment in Palm Jumeirah - As one of the 8th wonders of the world, buying an apartment on The Palm Jumeirah is a status symbol and shows no signs of waning interest. This area enjoys a growing rental demand and a net return of up to 6 per cent. Apartments for sale on Palm Jumeirah are also popular among investors looking for ideal holiday buy-to-let units.
Lifestyle and Community in Palm Jumeirah - In addition to 24-hour access to private beaches, there are many high-end hotels, medical centres, a travel agent, a real estate company, a florist, restaurants, retail, a supermarket, pharmacies and more on Palm Jumeirah. Although it has its district cooling unit, it’s the homeowners and not the tenants who handle chiller costs. For those who enjoy Dubai’s nightlife, you will never need to leave the island if you own an apartment on Palm Jumeirah. From sunup to sundown, The Palm is a real iconic party location with state-of-the-art sound systems that draws world-famous DJs to perform against a truly spectacular backdrop. Finally, the Palm is famous for the Skydive Dubai once-in-a-lifetime experience.